A

Admin • 802.91K Points
Coach

Q. Provision for discount on debtors is shown on:

  • (A) Debit side of trading account
  • (B) Credit side of profit and loss account
  • (C) Liabilities side of balance sheet
  • (D) Asset side of balance sheet as deduction from debtors
  • Correct Answer - Option(D)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
It reduces the realizable value of debtors, hence deducted from assets.

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